Cherry Hill Mortgage Investment Corporation filings document the company’s residential mortgage asset portfolio, operating results, capital structure, and governance as an internally managed mortgage finance company. Form 8-K reports furnish quarterly results, earnings releases, and related exhibits covering RMBS and mortgage servicing rights activity, earnings available for distribution, leverage, and comprehensive income items.
Proxy and other governance filings cover director elections, advisory executive compensation votes, auditor ratification, charter and bylaw matters, executive compensation plans, and officer appointments. The filing record also identifies the company’s common stock and preferred equity classes, including its Series A cumulative redeemable preferred stock and Series B fixed-to-floating rate cumulative redeemable preferred stock.
Cherry Hill Mortgage Investment Corp. (CHMI) is identified as a party to a proposed merger with TPG Mortgage Investment Trust, Inc. TPG stated that it issued financial results and an earnings presentation for the quarter ended September 30, 2026; those materials are incorporated by reference.
Cherry Hill Mortgage Investment Corp reported that Vanguard Capital Management beneficially owned 1,861,838 common shares, or 5.03% of the class, as of September 30, 2026. Vanguard had sole dispositive power over 1,861,838 shares and sole voting power over 260,468 shares; it reported no shared voting or dispositive power. The reported position includes securities held by Vanguard funds and client accounts over which Vanguard affiliates exercise dispositive and/or voting power.
Cherry Hill Mortgage Investment Corp. (CHMI) reported a third-quarter 2026 GAAP net loss applicable to common stockholders of $3.871 million, or $0.11 per diluted share, versus net income of $1.336 million in Q2 2026. Non-GAAP earnings available for distribution attributable to common stockholders were $5.246 million, or $0.14 per diluted share, compared with $5.522 million and $0.15 per share in Q2. The quarter included a $51.776 million unrealized loss on RMBS measured at fair value through earnings, alongside realized and unrealized derivative gains and unrealized gains on servicing-related assets.
At September 30, 2026, common book value was $2.73 per share, unrestricted cash was $41.2 million, and aggregate portfolio leverage was 5.19x. Net servicing income was $7.522 million; net interest income was $4.531 million; and the MSR portfolio’s unpaid principal balance was $14.9 billion as of September 30, 2026. The board declared a $0.10-per-share common dividend, payable in cash on October 30, 2026, to holders of record as of September 30, 2026. A pending merger agreement with TPG Mortgage Investment Trust, Inc., announced August 10, 2026, carries an implied transaction value of $117.5 million.
Cherry Hill Mortgage Investment Corp. (CHMI) entered a two-step merger agreement: its operating partnership would merge into CHMI, then CHMI into MIT Merger Sub II, LLC, a subsidiary of TPG Mortgage Investment Trust, Inc. (MITT). The mergers are expected to close in the fourth quarter of 2026, subject to approval by CHMI and MITT common stockholders and other customary closing conditions. At the effective time, each non-cancelled CHMI common share would entitle its holder to 0.3063 MITT common shares, $0.41 in cash from MITT and $0.52 in cash from MITT’s external manager, AG REIT Management, LLC. Each non-cancelled Series A and Series B preferred share would convert into one new MITT Series D and Series E preferred share, respectively.
For the three months ended September 30, 2026, CHMI reported a $1.473 million net loss, versus $4.515 million net income a year earlier; net loss applicable to common stockholders was $3.871 million, versus $1.955 million net income. Net interest income was $4.531 million, compared with $3.300 million. For the first nine months of 2026, net income was $2.750 million versus a $0.916 million loss in 2025, while net loss applicable to common stockholders was $4.503 million, compared with $8.293 million. Total assets were $1,355.489 million as of September 30, 2026.
Cherry Hill Mortgage Investment Corporation (CHMI) has agreed to a proposed two-step merger with TPG Mortgage Investment Trust, Inc. (MITT): CHMI’s operating partnership would merge into CHMI, followed immediately by CHMI merging into MITT subsidiary Merger Sub. For each CHMI common share outstanding immediately before the effective time, other than canceled shares, holders would receive 0.3063 MITT common shares, $0.41 in cash from MITT and $0.52 in cash from MITT Manager. Each CHMI Series A preferred share would convert into one MITT Series D preferred share, and each Series B preferred share into one MITT Series E preferred share.
The mergers remain subject to shareholder and required regulatory approvals. Special meetings are scheduled for December 2, 2026; completion is expected in the fourth quarter of 2026, although the companies cannot assure completion by a particular date. If completed, MITT shareholders immediately before the merger are anticipated to own approximately 73% of the combined company’s common stock, and former CHMI common holders approximately 27%. Both boards unanimously recommend votes in favor of their respective proposals.
TPG Mortgage Investment Trust is combining a strong second quarter with a planned acquisition of Cherry Hill Mortgage Investment Corporation, described as a transformational step in building a larger, pure-play residential mortgage REIT. The Cherry Hill deal is expected to lift combined market capitalization by approximately 36%, creating an equity capital base of about $750 million, with a cash component funded by roughly $20 million from TPG and $15 million from MITT, and targeted annual G&A cost synergies of $7–$9 million. Management expects the transaction, planned to close in the fourth quarter, to be immediately additive to earnings and EAD in 2027, with pro forma economic leverage around 2.9 turns.
Core operations delivered stable results: book value per share rose from $9.97 to $10.00, a 0.3% increase, producing a 2.7% economic return including the $0.24 dividend, fully covered by EAD of $0.24 per share. GAAP net income was about $9.1 million, or $0.29 per share. The $7.7 billion investment portfolio remains concentrated in agency-eligible non-QM and home equity loans, with economic leverage at 1.8 turns and liquidity of $112 million. The company issued two securitizations totaling over $750 million in the quarter and plans to issue more than $1.25 billion in home equity securitizations in the third quarter. Resolution of legacy nonaccrual commercial loans is expected to unlock roughly $30 million of capital and drive about $0.20 per share of incremental annual EAD over time.
Cherry Hill Mortgage Investment Corporation reported improved results for the quarter ended June 30, 2026. Net income was $3.8 million versus $1.6 million a year earlier, and net income attributable to common stockholders was $1.3 million, or $0.04 per share, compared with a loss of $0.03 per share in the prior-year quarter. Six‑month net income was $4.2 million, versus a loss of $5.4 million a year earlier.
Net interest income rose to $4.7 million from $2.6 million in the quarter, as interest expense declined while interest income was stable. Net servicing income from mortgage servicing rights was $7.4 million in the quarter and $15.3 million year‑to‑date. However, results included unrealized losses on RMBS and Servicing Related Assets and a $2.3 million provision for credit losses on a promissory note plus a $0.5 million impairment on a strategic equity investment.
At June 30, 2026, total assets were $1.40 billion, including $1.08 billion of RMBS and $211.1 million of MSRs backed by $15.2 billion unpaid principal balance. Total liabilities were $1.17 billion, mainly $1.01 billion of repurchase agreements and $140.6 million of notes payable, leaving total stockholders’ equity of $228.9 million$77.5 million, with operating activities providing $17.3 million of cash year‑to‑date.
Cherry Hill Mortgage Investment Corporation (CHMI) entered into a definitive agreement on August 9, 2026 to be acquired by TPG Mortgage Investment Trust, Inc. (MITT). Each CHMI common share will be canceled and converted into the right to receive 0.3063 shares of MITT common stock and $0.93 in cash per share, as set out in the merger agreement. The consideration represents a 29% premium to CHMI’s closing price on August 7, 2026 and a 32% premium to the 30‑day volume-weighted average price of CHMI’s stock.
Closing is expected in the fourth quarter of 2026, subject to customary conditions, including approval by CHMI and MITT stockholders and required regulatory approvals. At closing, CHMI will merge into a MITT subsidiary and cease to exist, with the surviving entity becoming a MITT subsidiary and MITT common stock continuing to be listed on the NYSE.
The agreement includes 12 months of post‑closing commitments for continuing employees regarding base pay, incentive opportunities, severance protections and benefits. Equity awards and LTIP units will convert into CHMI common shares immediately before closing and then receive the same merger consideration as other common shares, with specified tax treatment.
TPG Mortgage Investment Trust, Inc. reported that it released a press release and an earnings presentation covering financial results for the fiscal quarter ended June 30, 2026. These materials, furnished as Exhibits 99.1 and 99.2, provide the detailed quarterly performance information.
The company also highlighted its proposed merger with Cherry Hill Mortgage Investment Corporation (CHMI). It plans to file a registration statement on Form S-4 containing a joint proxy statement/prospectus, which will be sent to stockholders of both companies for their consideration of the merger. The communication emphasizes that it is not an offer to sell or solicit any securities and includes extensive forward-looking statements language outlining risks related to the business, market conditions and the completion and integration of the proposed merger.
TPG Mortgage Investment Trust, Inc. agreed to acquire Cherry Hill Mortgage Investment Corporation via a stock-and-cash merger in which CHMI will merge into a MITT subsidiary. Each CHMI common share will be converted into 0.3063 MITT common shares plus $0.41 in cash from MITT and $0.52 in cash from MITT Manager, together defined as the per share merger consideration.
CHMI’s 8.20% Series A preferred shares will convert into newly issued MITT 8.20% Series D preferred shares, and CHMI’s 8.250% Series B preferred shares will convert into MITT Series E floating rate preferred shares with substantially the same rights and preferences. All outstanding CHMI equity awards will vest and settle in CHMI common stock immediately before closing, and CHOP LTIP units will convert into CHMI common shares.
Completion is subject to CHMI and MITT stockholder approvals, SEC effectiveness of a Form S-4 registration statement, NYSE listing of the new MITT securities, specified regulatory approvals, and other customary conditions, including no material adverse effect. The merger agreement includes reciprocal no-shop covenants, termination rights, and termination fees of $4.7 million for CHMI and $7.99 million for MITT in certain scenarios, as well as a voting agreement covering 734,800 CHMI shares and amendments to MITT’s management agreement tied to the merger closing.